HJLK Co., Ltd. cancelled the acquisition of Hanjin Logistics India Private Ltd. from Hanjin Shipping Holdings Co. Ltd..
August 25, 2015 at 09:30 am IST
Share
HJLK Co., Ltd. agreed to acquire Hanjin Logistics India Private Ltd. from Hanjin Shipping Holdings Co. Ltd. (KOSE:A000700) for KRW 3.1 billion in cash on August 25, 2014. In related transactions, HJLK also agreed to acquire Hanjin Logistics (Schenzhen) Co., Ltd., Hanjin Logistics (Hong Kong) Co., Ltd. and Hanjin Logistics (Shanghai) Co., Ltd. Hanjin Logistics India had total assets of KRW 4.5 billion, stockholders' equity of KRW 3.2 billion, sales of KRW 14.2 billion and net profit of KRW 180 million in 2013. The Board of Directors of HJLK resolved the deal on August 25, 2014. The transaction is expected to close on August 29, 2014.
HJLK Co., Ltd. cancelled the acquisition of Hanjin Logistics India Private Ltd. from Hanjin Shipping Holdings Co. Ltd. (KOSE:A000700) on August 25, 2015.
EUSU HOLDINGS, formerly HANJIN SHIPPING HOLDINGS CO., LTD., is a Korea-based holding company engaged in the management of its subsidiaries. It along with its subsidiaries, mainly operates in two business divisions: shipping division, which involves in the container and bulk marine transportation through its subsidiary HANJIN SHIPPING CO., LTD., covering North America, Europe, the Pacific Ocean and the Atlantic Ocean sea routs, and operation of terminals, as well as information technology (IT) division, which involves in the provision of IT services and solutions for marine transportation and logistics, through its subsidiary CyberLogitec Co.,Ltd.
EUSU HOLDINGS CO., LTD. 
